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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
 A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It was an unremarkable week for the Capes and although period rates remain strong, there remains some concern for the fourth quarter. China’s decision to close steel production capacity in order to meet energy-saving targets has created uncertainty, with one local analyst estimating it would cut the country’s total steel output for the year by 8%. So far, Shandong, Jiangsu, Zhejiang, Guangxi, Hebei, Shanxi, Gansu and the inner Mongolia provinces have all been affected. China’s iron ore imports already fell 13% in August, the largest drop in seven months, as steel production slowed and India reduced its exports.
Capesize
A small increase in the BCI this week, with the four time charter average rising to US$41,000 by week-end. Rates improved most in the Atlantic where tonnage availability was fairly tight compared to demand. In the FFA market, rates were little changed for 2011 but took a lurch downwards for the remainder of this year. Q4 finished the week at US$34,100 compared to US$35,100 the previous Friday. Period rates remained stable however, and a 180,000 tonner delivery ex yard in November was reportedly fixed for 11-13 months at US$32,750. The BCI came off slightly on Monday, but only by 28 points.
Panamax
This week the Panamax market took advantage of bullish sentiment thanks to a still active USG and NOPAC area with grains and a relatively busy coal market out of Indo/ Aussie. The big players were, therefore, not hesitating in taking in more ships for period paying up to US$28,500/day for tes 74 dely Nchina redel WW. The Nopac round was paying US$29,000/day, up from US$26,500/ day last week. In the Atlantic the market was less active, but still, the TA round improved by more than US$1,000/day ending the week at over US$28,000/day. Thursday and Friday, the activity failed off and some uncertainty on the amount of steel that will be produced in China in Q4 and the amount of Indian’s iron ore available for exportation turned the market in the southward direction.
Supramax/Handy
The Baltic Supramax Index was quite steady with a very slight upward trend as it increased by 47 points to finish at 2,046 points last week, while the average of the time charter routes gained about US$ 497 to finish close to US$ 21,395. Activity picked up in the Atlantic with a considerable amount of new grain orders originating from the USG mainly to the Med and Continent. Modern Supramaxes were paid in the low/mid US$ 30,000s per day for delivery USG to Med/Cont. For the smaller sizes, the Handysizes were pretty much in line with the Supramaxes, with a slight increase of 12 points to finish the week at 1078, while the time charter average went up by US$ 168 to finish the week at US$ 15,876 per day. ECSA or USG to Skaw/Passero are also at similar levels in the very low US$ 20,000s and very high US$ 19,000s respectively. On the period front, which has also been quite active, it is worth noticing a modern (expected delivery December 2010) 57,000 DWT was fixed for a 5 year period at around US$16,000. Supramax vessels are getting fixed ex Far East for a 12 month period at around US$ 21,500. For shorter period, similar size vessels are being fixed at around US$ 23,000/24,000 while the Handies are being fixed at the US$ 17,000s level.
In the Pacific, the week started out strong, with the view that a lot of the fixing would be done on the Pacific rounds before the start of the Aid Al Fitr / Idul Fitri / Puasa holidays at the end of the week. Index type Supramaxes in North Asia were fixing in the mid-high teens and high teens to low US$20,000s with South China delivery for Pacific rounds. This remained steady through the week. The same could be said for vessels in India, where quite a bit of tonnage was cleared out for Richards Bay rounds back into India (high teens off both coasts), and trips to China (midhigh teens from WCI, and high teens from ECI).
Source: BRS
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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Latin American Coal - Colombia
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